Eddyfi on Deloitte’s 2015 Technology Fast 50™ and Fast 500™ Rankings

From: Thursday, November 12, 2015

Eddyfi among the 50 fastest growing Canadian technology companies and fastest 500 in North America, according to Deloitte

Québec, November 12, 2015 — Eddyfi is proud to announce that it ranked 19th fastest growing company on Deloitte’s Technology Fast 50. It also ranked 152nd on the North American Technology Fast 500 ranking (7th in the Electronic Devices/Hardware industry).

The Deloitte Technology Fast 50 program celebrates leaders in the Canadian technology industry for demonstrating bold innovation, dedicated leadership, and strong growth. To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada, and invest a minimum of 5% of gross revenues in R&D.

Similarly, the Deloitte Technology Fast 500 is an annual ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. This ranking is based on the percentage fiscal year revenue growth over four years, from 2011 to 2014.

Since its foundation in 2009, Eddyfi has grown from a five-employee start-up to an over 115-employee company by expanding its application scope from the power generation industry to oil and gas, aerospace, and other markets. It has become a leader in its field by investing massively in innovation and new product development. The company invests 20% to 25% of its revenue in research and development, and more than 40% of its staff is dedicated to that effort. Over the years, Eddyfi has also developed and marketed a number of proprietary technologies around eddy current array technology, namely the Sharck™ and DefHi® probes, as well as instruments such as the Ectane® and Reddy™.

“We are thrilled by these rankings. They are the proof that we’re moving in the right direction,” says Martin Thériault, Eddyfi’s President and CEO. “Eddyfi is a customer-centric, innovation-driven company that aims to push back the limits of NDT technologies by developing new solutions that offer the maximum amount of value to our customers. This is essentially what led us to be part of the Fast 50 group.”

For the complete list of winners, click here: goo.gl/JItGsh

About Eddyfi

Headquartered in the advanced NDT hub of Québec, Canada, with offices in Lyon, France, and Houston, USA, Eddyfi focuses on offering high-performance eddy current and electromagnetic solutions for the inspection of critical components and assets. Eddyfi has customers in more than 50 countries in such major industries as nuclear, power generation, oil & gas, and aerospace.

We also employ the world’s most renowned experts in the field of advanced eddy currents and electromagnetics, and they have the mission to push the limits of these technologies to new heights. Eddyfi develops the industry’s best performing and most reliable test instruments, acquisition and analysis software, as well as standard but, more importantly, specialized surface array and tubing probes. Eddyfi has the expertise, engineering, and manufacturing flexibility to supply fully integrated and specially made solutions that deliver superior performance to our customers.

About the Deloitte Technology Fast 50

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be future Deloitte Technology Fast 50 candidates), and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry). Program sponsors include Deloitte, Bank of Montreal, Bennett Jones, OMERS Ventures, and Vistara Capital Partners. For further information, visit www.fast50.ca.